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CashBooks Step Two: Review

To make sure that we’re collecting the right information in the right way, all records should be audited.

Each bank account will have supporting documentation that you’ve collected over the year (see Step 1), to show how you arrived at the closing balance that you did.

Every transaction should be supported by some sort of documentation.

How do I review my accounts?

Your documentation and bank account details should be taken to an external auditor, who will review your accounts, make sure they have been recorded accurately, and will certify this.
The following people are appropriate to audit (review) your accounts:

– Bachelor of Business or Commerce with an Accounting major
– A full member of an accounting professional body such as CPA Australia, the Institute of Chartered Accountants in Australia or the National Institute of Accountants
– Bachelor of Business or Commerce with an Accounting major
– Certificate IV in Financial Services (Bookkeeping)
– Professional experience as a Bookkeeper, Accountant or Auditor
– Experience keeping community organisation accounts

If there are issues, you should work with your auditor to resolve them, and to work on a system to make sure they don’t happen again.

Diversity and Acknowledgements

Girl Guides Victoria acknowledges and pays respect to past, present and emerging Traditional Custodians and Elders of this country and values the continuation of cultural, spiritual and educational practices of Aboriginal and Torres Strait Islander peoples. Read about our commitment to reconciliation.

Aboriginal and Torres Strait Islander persons are warned that this website may contain images of deceased persons.